Notification of transactions in securities during the bid period in the context of a takeover bid (Article 12 of the Royal Decree of 27 April 2007 on takeover bids)
The notification obligation applies only to takeover bids where the matters relating to the bid procedure are dealt with in accordance with Belgian law.
The notification must be made in cases where, during the bid period, there is an acquisition, disposal or loan – or early settlement of a loan – of securities with voting rights or that confer access to voting rights in the target company, the offeror or the company whose securities are offered by way of consideration.
The notification obligation lies with the offeror, the target company, the members of the governing bodies – or of the body to which the governing body has transferred or delegated part of its powers – of the offeror or of the target company, the persons who act in concert with the offeror or with the target company, and the persons who directly or indirectly hold at least 1% of the voting securities of the offeror company or of the target company.
Parties who are required to make a notification are requested to fill in the electronic form below for each transaction conducted, as described in the procedural note, and send it in electronically. By way of a formal notification to the CBFA, a print-out of the said form, signed by the competent person, must be sent by fax to +32 (0) 2 220 54 24.
The notifications will be published on this web site under: List of notifications of takeover bids, prospectuses and notifications of transactions published by the CBFA.
